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CIBT Education Group (TSE:MBA) was upgraded by research analysts at Fundamental Research from a “buy” rating to a “top pick” rating in a report released on Friday. The firm currently has a C$0.78 target price on the stock, up from their previous target price of C$0.70. Fundamental Research‘s price objective would suggest a potential upside of 129.41% from the company’s current price.

The analysts wrote, “CIBT Education Group Inc. (TSX: MBA) – Student Housing Projects Advancing; Attracting Overseas Investors



Fundamental Research Corp has issued an update entitled “CIBT Education Group Inc. (TSX: MBA) – Student Housing Projects Advancing; Attracting Overseas Investors

” in a report dated July 25, 2014. The full report is now at www.researchfrc.com.



CIBT is being added as a Top Pick

Shares of CIBT Education Group (TSE:MBA) remained flat at $0.34 during during mid-day trading trading on Friday. 14,500 shares of the company’s stock traded hands. CIBT Education Group has a 52 week low of $0.12 and a 52 week high of $0.475. The stock has a 50-day moving average of $0.36 and a 200-day moving average of $0.32. The company has a market cap of $22.4 million and a P/E ratio of 4.25.

To view Fundamental Research’s full report, visit Fundamental Research’s official website.

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